Company Number: 14692269

Analysis Date: 2025-07-29 12:26 UTC

1. Risk Rating: LOW
   Justification: QUENA LTD is a recently incorporated micro-entity with modest net current assets consistently positive over the last two years, indicating basic solvency. There are no overdue filings or indications of governance issues, and the company is active with no liquidation or administration status. The small scale and straightforward business model imply relatively low financial complexity and risk.

2. Key Concerns:

• Limited financial scale: With net assets around £1,456 and current assets just over £9,000, the company has a very modest capital base, which may limit its ability to absorb shocks or finance growth.
• Reliance on a single director and controlling shareholder: Ms. Pavlina Samson owns 75-100% of shares and voting rights, concentrating decision-making risk and limiting oversight.
• Absence of detailed profit and loss information: As a micro-entity, the company does not file a profit and loss account, limiting insight into operational profitability and cash flow sustainability.

3. Positive Indicators:

• Consistent net current assets above £1,300 in each reported year, showing working capital is positive and creditors can be met in the short term.
• Compliance with statutory filing deadlines for both accounts and confirmation statements, demonstrating good regulatory adherence.
• Growth in average employees from 3 to 4 suggests some operational scaling and ongoing business activity.
• Clear business focus as a retail operation in a well-known location (Camden Lock Market), supported by an active website and contact details.

4. Due Diligence Notes:

• Review underlying cash flow statements and profit/loss details (if internally available) to assess operational cash generation and sustainability.
• Investigate customer concentration and supplier relationships given the small scale to understand business risks.
• Confirm the absence of director disqualifications or related party transactions given sole control by one individual.
• Monitor future filings for any changes in financial position or governance structure.
• Assess market conditions and competition at Camden Lock Market to gauge operational viability.